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    U.S. Economy Headlines
    Oil's price drop, JPMorgan profit boost stocks (Reuters)

    Lehman Brothers trader Scott Mazzella, center, confers with other traders as they gather around his station during early trading at the New York Stock Exchange, Thursday, July17, 2008. Wall Street extended its rally into a second session Thursday after stronger-than-expected quarterly reports from JPMorgan Chase & Co. and United Technologies Corp. gave investors some reassurance about the health of the economy. (AP Photos/Bebeto Matthews)Reuters - Stocks climbed more than 1 percent on Thursday as oil prices dropped sharply for the third day, while banks rallied after stronger-than-expected results from JPMorgan Chase & Co.


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    Thu, 17 Jul 2008 18:24:32 GMT - Yahoo! News: Economy News
    Stocks surge as falling energy prices bolster mood (AP)

    Trader Tommy Kalikas talks on his phone as he checks his digital notepad during early trading at the New York Stock Exchange, Thursday July17, 2008.Stocks mostly rose Thursday as investors parsed stronger-than-expected quarterly reports from JPMorgan Chase & Co. and United Technologies Corp. that gave investors some reassurance about the health of the economy.  (AP Photos/Bebeto Matthews)AP - Wall Street is surging for the second straight day as tumbling energy prices bolster an already upbeat mood in the market. The Dow Jones industrial average is up 170 points at the 11,409 level, and has been up more than 200 in afternoon trading.


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    Thu, 17 Jul 2008 18:37:45 GMT - Yahoo! News: Economy News
    Philly Fed factory activity falls again in July (Reuters)
    Reuters - Factory activity in the U.S. Mid-Atlantic region shrank again in July, reflecting a weakening economy and the strain of rising costs. -- read full article
    Thu, 17 Jul 2008 14:40:06 GMT - Yahoo! News: Economy News
    Single-family construction fell 5.3 pct. in June (AP)
    AP - Construction of single-family homes fell in June to the slowest pace in 17 years although a change in New York laws helped give a big boost to apartment building. -- read full article
    Thu, 17 Jul 2008 15:41:20 GMT - Yahoo! News: Economy News
    Home starts still weak despite surprising jump (Reuters)
    Reuters - Housing starts took a surprising jump in June, the government reported on Thursday, but only because of a change in New York's building code that briefly obscured a drop in single-family home building. -- read full article
    Thu, 17 Jul 2008 16:21:18 GMT - Yahoo! News: Economy News
    Treasury prices edge lower as stocks rise (AP)
    AP - Treasury prices fell sharply Thursday as upbeat earnings from JPMorgan Chase & Co. and an unexpected jump in housing starts alleviated some of investors' concerns about the credit crisis. -- read full article
    Thu, 17 Jul 2008 18:06:46 GMT - Yahoo! News: Economy News
    Americans eating less fish (AP)
    AP - Americans are eating slightly less seafood, despite continuing reports of its health benefits. -- read full article
    Thu, 17 Jul 2008 18:36:31 GMT - Yahoo! News: Economy News
    Wall St. soars on banks' best day in 16 years (Reuters)

    A trader reacts in the S&P 500 pit at the Chicago Mercantile Exchange July 16, 2008. REUTERS/John Gress (UNITED STATES)Reuters - Stocks rallied more than 2 percent on Wednesday, powered by the best day for banks in 16 years as unexpectedly strong results from Wells Fargo & Co relieved worry about a credit crisis spiraling out of control.


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    Wed, 16 Jul 2008 21:43:15 GMT - Yahoo! News: Economy News
    Fed: Members thought next rate move would be up (AP)

    US Federal Reserve Board Chairman Ben Bernanke in Capitol Hill in Washington, DC on July 16. The beleaguered US banking sector faces a fresh test on as banking titan JPMorgan Chase and investment giant Merrill Lynch prepare to release quarterly results which will be closely scrutinized by financial markets(AFP/Tim Sloan)AP - Worried about rising inflation, Federal Reserve officials at their meeting in June thought the Fed's next move on interest rates was likely to be up.


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    Wed, 16 Jul 2008 19:00:01 GMT - Yahoo! News: Economy News
    Bernanke: Economy in "rough time" (Reuters)

    US Federal Reserve Board Chairman Ben Bernanke in Capitol Hill in Washington, DC on July 16. The beleaguered US banking sector faces a fresh test on as banking titan JPMorgan Chase and investment giant Merrill Lynch prepare to release quarterly results which will be closely scrutinized by financial markets(AFP/Tim Sloan)Reuters - Federal Reserve Chairman Ben Bernanke told a House of Representatives panel on Wednesday the U.S. economy is going through a "rough time" and urged lawmakers to approve Treasury Department proposals to back up mortgage markets.


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    Wed, 16 Jul 2008 20:25:50 GMT - Yahoo! News: Economy News
    Inflation soars; home builder sentiment crumbles (Reuters)
    Reuters - Inflation accelerated in June to its fastest rate since the aftermath of Hurricane Katrina in 2005 while workers' earnings slumped, compounding the stagflationary dilemma facing the Federal Reserve. -- read full article
    Wed, 16 Jul 2008 20:38:52 GMT - Yahoo! News: Economy News
    Bernanke comments ease fears on Fannie, Freddie (AFP)

    Federal Reserve Chairman Ben Bernanke testifies during a hearing before the House Financial Services Committee on Capitol Hill in Washington, DC. Ailing mortgage finance firms Fannie Mae and Freddie Mac are AFP - Federal Reserve chairman Ben Bernanke said Wednesday ailing Fannie Mae and Freddie Mac are "in no danger of failing," helping fuel a big boost in the troubled finance sector as fears of a deeper crisis eased.


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    Wed, 16 Jul 2008 21:36:53 GMT - Yahoo! News: Economy News
    Inflation watch: Consumer prices jump in June (AP)

    House Financial Services Chairman Rep. Barney Frank, D-Mass., right, with Rep. Scott Garrett, R-N.J., left, and Rep. Christopher Shays, R-Conn., center, makes a comment during a hearing with Federal Reserve Chairman Ben Bernanke on Capitol Hill in Washington, Wednesday, July 16, 2008 on monetary policy and the state of the economy. (AP Photo/Susan Walsh)AP - The price of a quart of milk, a plane ticket and a host of other products rose in June at nearly the fastest pace in a generation, taking an even bigger-than-expected bite out of the buying power of Americans.


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    Wed, 16 Jul 2008 21:45:19 GMT - Yahoo! News: Economy News
    Key developments on inflation (AP)
    AP - Reports on inflation showed big price increases at the consumer level and the wholesale level for June, driven by higher energy and food costs. -- read full article
    Wed, 16 Jul 2008 21:51:10 GMT - Yahoo! News: Economy News
    Bernanke: Fannie, Freddie in no danger of failing (AP)

    Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, July 16, 2008 on monetary policy and the state of the economy. (AP Photo/Susan Walsh)AP - Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing."


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    Thu, 17 Jul 2008 04:55:24 GMT - Yahoo! News: Economy News
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